Some Hospitals and Health Systems Get Bigger in Bid to Increase Efficiency and Profit Margins

Meanwhile, financial pressures mean smaller budgets for hospital laboratories When it comes to multi-hospital health systems, the biggest are getting bigger. But many health systems are not covering their costs. These were the findings from a recent annual survey of health systems by Modern Healthcare magazine. It confirms what pathologists and clinical laboratory directors see in many regional markets. As we wrote in Dark Daily on June 29, three factors are driving this growth trend: federal...

United Kingdom’s National Health Service Expands its Largest Public/Private Clinical Pathology Laboratory Joint Venture

GSTS Pathology Inks Pathology Testing Services Pact with KingsPath in London In the United Kingdom, clinical pathology laboratories are facing major changes in ownership, operation, and how they are funded. One very visible sign of these coming changes is the latest expansion in the nation’s largest public/private pathology testing joint venture that took effect just two weeks ago. On September 24, Serco Group, plc, announced that KingsPath, the pathology service arm of the King’s College...

Thermo Fisher Offers $6 Billion to Acquire Millipore

Both companies are important suppliers to clinical laboratories and research labs In recent days, news surfaced that Thermo Fisher Scientific Inc. (NYSE: TMO) was offering $6 billion to acquire Millipore Corporation (NYSE:MIL). Neither company has confirmed the offer, but yesterday Millipore issued a statement that its Directors were “evaluating strategic options.” Should Thermo Fisher acquire Millipore, or should Millipore find another buyer, it will mean the same thing: more...
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